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Amendments to the Bankruptcy Act 1967: The Significant Changes  The new Bankruptcy (Amendment) Act 2017, which came into force on 6th October 2017, has renamed the existing Bankruptcy Act 1967 as the ‘Insolvency Act 1967’. The new Act will bring about significant changes to the law and, along with these, possible uncertain ramifications.In general, the changes provide increased protection for individual debtors, by inter alia allowing them more opportunities to restructure repayment of their debts.…

The ex-husband of the late businesswoman has been accused of taking grandchildren away from the grandparents and did not allow them to visit the children. Both parties are now fighting for the custody of the children.According to Shin Min Daily News, the managing director and successor to family-owned business KSP Marketing, Ms. Linda Koh, was found unconscious in her hotel room in Hong Kong while on a business trip. She was taken to the Queen…

IRB says it can collect outstanding taxes even after deathPublished 28 Jul 2017, 8:06 pm Updated 29 Jul 2017, 1:04 am The Inland Revenue Board (IRB) says it is legally empowered to collect outstanding taxes even after someone has died.”IRB is empowered in accordance with Section 74 and Section 106 of the Income Tax Act 1967 to claim a deceased’s outstanding tax from the rightful next-of-kin.”If the next-of-kin is not able to pay the whole…

LIFETIME PLUS WILL CUSTODY is now available to all new clients at a one-time fee of RM 1,688*NEW exciting features:Lifetime safekeeping of Will at Rockwills Will Custody CentreLifetime 20% discount on rewrites2 copies of the Will custody identification cardFREE Personal Asset Inventory BookletWaiver on the Rockwills Trustee Bhd Executor appointment fee worth RM 120FREE Personal Accident Insurance coverage of RM 30,000 until age 75SUBSIDY of up to RM 6,000 on the legal fees for application for Grant of Probate when Rockwills Trustee Bhd act as the…

The following are the specialized services:-Comprehensive Will-Writing in English and ChineseProfessional Will Custodian Services – Wills Written by Rockwills and OthersComprehensive Translation of Will from English to ChineseComprehensive Translation of Will from Chinese to EnglishCorporate Executorship Appointment in a WillAppointment of Rockwills Trustee Berhad as Administrator (No Will)Appointment of Rockwills Trustee Berhad as Corporate Trustee for your assets held under a Trust.Application of Grant of Probate or Letter of Administration by penal of lawyers under…

Do you have assets in Singapore such as bank accounts, property or company shares? Unless these are covered in a trust, your Will needs to specifically cover such assets.Can I include all my Malaysia and Singapore assets in one Will? Wills drawn in Malaysia have to be probated separately in a Singapore court to deal with Singapore assets.This could be by way of resealing the Malaysian Grant of Probate (GP) in a Singapore court. But…

Recently, I have many last minute Will to draft, it is urgent because the client is going overseas or may be going for an unplanned operations. Many clients asked “Can I do a simple Will with only one meeting with Rockwills Estate Planner ?” The answer is ‘Yes’. What you can do is to fill up the attached form below and email to us together with a deposit of RM508.80 payable to Rockwills Corp Sdn…

For more information on how to protect your insurance payouts by setting up as Insurance Trust to ensure your wishes come true, please Call/Whatapps 012 303 9383 orvisit www.rockwillsonline.com.my.